SeaWorld (SEAS) PT Boosted to $27 at Credit Suisse on New CEO Optimism

Credit Suisse analyst J. Simkins reiterated an Outperform rating and boosted its price target on SeaWorld Entertainment (NYSE: SEAS) to $27.00 (from $23.00), citing optimism around the new CEO.

Simkins commented, "Joel Manby recently joined as CEO and we are optimistic that his track record at Herschend Entertainment and charisma are what SEAS needs to execute a turnaround. Shares are up 11% since his 3/19 appointment, implying some expectations of a turnaround are baked in; however, we still see substantial upside."

For an analyst ratings summary and ratings history on SeaWorld Entertainment click here. For more ratings news on SeaWorld Entertainment click here.

Shares of SeaWorld Entertainment closed at $21.20 yesterday.

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